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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: John F Beule who wrote (573)	11/19/1998 6:22:00 PM
From: John F Beule	Read Replies (2) \| Respond to of 2539

Also, perhaps as a taste of things to come, IMNX was up over $9 because of "investor enthusiasm over its arthritis drug Enbrel". Go Long! John

To: John F Beule who wrote (573)	11/19/1998 6:32:00 PM
From: Oliver & Co	Respond to of 2539

Yes, but something must be going on, because MTC has delayed the issue of new bond until at least December. ====================================================================== US CORP BONDS - Pre-Thanksgiving deals lining up November 19, 1998 11:06 AM NEW YORK, Nov 19 (Reuters) - Spreads on U.S. corporate bonds continue to tighten early on Thursday, encouraging what dealers expect will be a steady flow of new issuance from major borrowers. "We have a stronger tone, spreads are a little tighter, there should be a slew of new issuance trying to get done before next week," when the Thanksgiving holiday will impose a break, one high-grade dealer said. International Finance Corp, the investment arm of the World Bank, has launched a $1 billion five-year global bond issue via Merrill Lynch and Warburg Dillon Read at 52 basis points over Treasuries. Final pricing for the triple-A-rated securities is expected later today. Lucent Technologies LU is said to be readying an issue of $500 million in 10-year bonds through Goldman Sachs, Bear Stearns and Morgan Stanley Dean Witter. "A planned issue of over $2 billion by Monsanto MTC has been postponed, perhaps until December, traders said." In the high-yield market, Carrols Corp came to market out of the blue on Wednesday, offering $170 million in 9.5 percent 10-year notes through Chase, showing that quick deals are likely to continue popping up in the market, dealers said. Price talk on Metromedia Fiber Network's $650 million 10-year issue is 10 to 10-1/4 percent, dealers said. The bonds are likely to be priced on Friday. SFX Entertainment Inc SFXE is said to be readying a $200 million issue of 10-year notes at about 9-1/8 percent via Morgan Stanley. The Dow Jones industrial average was a few points higher at 9045, while the U.S. Treasury's benchmark 30-year bond was up 1/4 point at 100-1/16 to yield 5.25 percent. (( Terence Gallagher, US Corp Bonds Unit, 212-859-1674 )) REUTERS